D.A. Davidson & CO. Has $3.56 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

D.A. Davidson & CO. lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,350 shares of the company's stock after selling 3,054 shares during the period. D.A. Davidson & CO.'s holdings in J. M. Smucker were worth $3,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SJM. State Street Corp lifted its holdings in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after purchasing an additional 762,746 shares during the last quarter. FMR LLC grew its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after acquiring an additional 958,142 shares during the period. Nordea Investment Management AB boosted its holdings in J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock worth $150,082,000 after buying an additional 192,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in J. M. Smucker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock worth $119,966,000 after buying an additional 13,276 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in J. M. Smucker by 4.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company's stock worth $85,251,000 after buying an additional 31,745 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, J. M. Smucker has a consensus rating of "Hold" and a consensus target price of $126.78.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Performance

NYSE SJM traded up $2.72 during trading hours on Friday, hitting $110.02. The company had a trading volume of 1,759,637 shares, compared to its average volume of 1,115,269. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. The company has a market cap of $11.71 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.75 and a beta of 0.27. The business has a 50 day moving average of $106.33 and a 200-day moving average of $113.54.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.93%. J. M. Smucker's payout ratio is currently 87.45%.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.